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The SEC’s former crypto unit chief Jorge Tenreiro is now the agency’s chief litigation counsel, leading its lawsuits and legal probes across the US.
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The acting chief of the United States Securities and Exchange Commission’s crypto and cyber unit is now heading the agency’s overall litigation efforts, getting in just weeks before the Trump administration takes over the White House.
Jorge Tenreiro changed his title on his LinkedIn profile this month to the SEC’s chief litigation counsel, a role that has him oversee the agency’s Division of Enforcement lawsuits and the investigations that could lead to them all across the country, a role that advertised a salary of up to $305,000 a year, according to a now-closed job post.
Mark Sylvester, the former assistant director of the crypto unit, and Laura D’Allaird, the former counsel to outgoing commissioner Jaime Lizárraga, both changed their LinkedIn profiles on Dec. 2 to list themselves as the new co-chiefs of the crypto assets and cyber unit.
Tenreiro takes over from former SEC litigation chief Olivia Choe, whose LinkedIn shows she left the agency in July for a partner role at the international law firm Milbank LLP.
His rise to the role comes a little under seven weeks before President-elect Donald Trump takes office who has promised to ease the regulator’s scrutiny of the crypto industry.
Tenreiro first joined the crypto assets and cyber unit in October 2022 as deputy chief before taking over in June after the unit’s former boss, David Hirsch, departed.
His roles in the crypto unit have seen him lead the SEC’s multiple lawsuits against some of the industry’s biggest players, including against exchanges Kraken and Coinbase, blockchain firm Tron and founder Justin Sun and the multi-year legal battle against Ripple Labs.
Tenreiro’s name is listed among the SEC’s lawyers who sued Terraform Labs and Do Kwon in early 2023. Source: CourtListener
The unit has also spearheaded lawsuits against FTX and its slew of former executives and earlier this year, scored the SEC’s biggest-ever settlement after Terraform Labs and former CEO Do Kwon settled for $4.47 billion in June.
Related: Gensler’s SEC made US ‘nearly untenable’ for crypto firms, say observers
Tenreiro was also there when two SEC lawyers resigned after the agency was sanctioned for lying about evidence it gave in court against the crypto company Debt Box.
Tenreiro has his share of critics in the industry, with crypto lawyer John Deaton writing in a Dec. 1 X post that the litigation boss is at the top of a list of lawyers who the crypto industry shouldn’t hire if they leave the agency.
Source: John Deaton
The SEC did not respond to a request for comment on Tenreiro’s move. Tenreiro did not immediately respond to a request for comment.
Magazine: Godzilla vs. Kong — SEC faces fierce battle against crypto’s legal firepower
This article first appeared at Cointelegraph.com News
